ASX/200 Closed Higher by 0.86%, Lifted by Industrials

By the end of the trading session on 17 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.86% and settled at 8,355.90. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Industrials and Financial are the top- gaining sectors, gaining 1.84% and 1.65% in their index value. Whereas, Information Technology and Materials are the top-losing sectors, losing 1.08% and 0.40% in their index value.

AMP Limited (ASX: AMP) and The Star Entertainment Limited (ASX: SGR) are the top-gaining stocks, gaining 17.712% and 13.725% in their stock prices. On the other hand, Healius Limited  (ASX: HLS) and Challenger Limited (ASX: CGF) went down by 4.470% and 3.994% respectively are the top-losing stocks.

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Top gainer for the day:

• Industrials (Up 1.84%)
• Financial (Up 1.65%)

Top loser for the day:

• Information Technology (Down 1.08%)
• Materials (Down 0.40%)

Other Factors influencing the market:

• AMP Limited (ASX: AMP) surged 17.7% to $1.60 after announcing $750 million in cash flow from its wealth platforms for the September quarter, marking a 76% increase compared to the same period last year.
• Star Entertainment Group (ASX: SGR) saw a 13.7% rise to 29¢ following a highly anticipated decision by regulators allowing its struggling Sydney casino to remain operational.
• OFX Group (ASX: OFX) experienced a significant decline of 35.8%, dropping to $1.465 after reporting a six-month earnings slump to just $29 million through September.
• Perpetual Limited (ASX: PPT) faced an overwhelming shareholder rebuke, with over 88% of votes against its management remuneration plan.
• Oil prices closed lower in the last session, continuing a week of steep losses amid expectations of a less severe escalation in the Middle East and weakened demand.
• US Market Performance: The Dow Jones Industrial Average increased by 0.79%, the S&P 500 rose by 0.47%, and the NASDAQ gained 0.28%.
• International Indices: The Hang Seng Index is trading flat, while the FTSE 100 has risen by 0.97%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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